This digital document is an article from National Underwriter Property & Casualty-Risk & Benefits Management, published by The National Underwriter Company on December 9, 1996. The length of the article is 438 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: A Massachusetts state employee has discovered that an error in a rate-setting formula since 1992 has led to $150 million in overcharges for auto insurance customers and $50 million in overestimated expenses for insurers. The formula mistakenly involved manual premiums instead of discounted premiums. Massachusetts' attorney general says customers should seek rate reductions because of the overcharges, but an insurance trade group opposes any return of money.

Citation Details
Title: Mass. finds $200M auto overcharge. (Massachusetts determines formula error cost insurance customers, companies)
Author: Joan Hartnett-Barry
Publication: National Underwriter Property & Casualty-Risk & Benefits Management (Magazine/Journal)
Date: December 9, 1996
Publisher: The National Underwriter Company
Issue: n50 Page: p3(2)

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